Current Water Technologies Inc (TSE:WATR) has recently announced a significant update regarding its partnership with the University of Illinois and the U.S. Army Corps of Engineers. This partnership aims to develop and commercialize a new technology for the treatment of wastewater.
The technology, known as the Electrochemical Wastewater Treatment System (EWTS), has shown promising results in laboratory tests and is now being tested in a pilot-scale demonstration at the University of Illinois. The system utilizes a combination of electrochemical and biological processes to remove contaminants from wastewater, making it safe for discharge or reuse.
The partnership between Current Water Technologies Inc, the University of Illinois, and the U.S. Army Corps of Engineers is a significant step towards the commercialization of this innovative technology. The involvement of the U.S. Army Corps of Engineers highlights the potential impact of this technology in addressing the growing issue of wastewater treatment in military bases and other remote locations.
According to the World Health Organization, around 80% of wastewater is discharged into the environment without proper treatment, leading to serious health and environmental consequences. The EWTS technology has the potential to significantly reduce this number and provide a sustainable solution for wastewater treatment.
The successful development and commercialization of the EWTS technology could also have a significant impact on the water treatment industry. With increasing concerns about water scarcity and pollution, there is a growing demand for innovative and sustainable solutions for wastewater treatment. The EWTS technology has the potential to meet this demand and revolutionize the way we treat wastewater.
In addition to its environmental and social impact, the partnership between Current Water Technologies Inc, the University of Illinois, and the U.S. Army Corps of Engineers also has significant economic potential. The global water treatment market is expected to reach $211.3 billion by 2025, and the EWTS technology could play a crucial role in this market.
Overall, the update from Current Water Technologies Inc is a positive development for the company and the water treatment industry. The partnership with the University of Illinois and the U.S. Army Corps of Engineers has the potential to bring about significant changes in the way we treat wastewater, leading to a healthier and more sustainable future. Investors and stakeholders should keep a close eye on the progress of this partnership and the development of the EWTS technology.